NasdaqCM:FCAP

Stock Analysis Report

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Executive Summary

First Capital, Inc. operates as the bank holding company for First Harrison Bank that provides various banking services to individuals and business customers. More Details

Risk Analysis

No risks detected for FCAP from our risk checks.


Snowflake Analysis

Flawless balance sheet second-rate dividend payer.


Similar Companies

Share Price & News

How has First Capital's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: FCAP is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: FCAP's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

-5.9%

FCAP

1.9%

US Banks

1.5%

US Market


1 Year Return

-4.7%

FCAP

-16.6%

US Banks

22.3%

US Market

Return vs Industry: FCAP exceeded the US Banks industry which returned -16.7% over the past year.

Return vs Market: FCAP underperformed the US Market which returned 22.1% over the past year.


Shareholder returns

FCAPIndustryMarket
7 Day-5.9%1.9%1.5%
30 Day9.7%24.3%8.8%
90 Day4.5%18.9%10.8%
1 Year-3.2%-4.7%-13.5%-16.6%25.1%22.3%
3 Year93.7%82.4%-3.2%-11.4%49.5%39.6%
5 Year176.4%146.2%47.2%28.7%105.8%83.3%

Long-Term Price Volatility Vs. Market

How volatile is First Capital's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is First Capital undervalued compared to its fair value and its price relative to the market?

22.33x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: FCAP ($64.76) is trading above our estimate of fair value ($45.06)

Significantly Below Fair Value: FCAP is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: FCAP is poor value based on its PE Ratio (22.3x) compared to the US Banks industry average (11.4x).

PE vs Market: FCAP is poor value based on its PE Ratio (22.3x) compared to the US market (19.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate FCAP's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: FCAP is overvalued based on its PB Ratio (2x) compared to the US Banks industry average (0.9x).


Next Steps

Future Growth

How is First Capital forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

16.0%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as First Capital has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has First Capital performed over the past 5 years?

14.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FCAP has high quality earnings.

Growing Profit Margin: FCAP's current net profit margins (27.9%) are lower than last year (29.8%).


Past Earnings Growth Analysis

Earnings Trend: FCAP's earnings have grown by 14% per year over the past 5 years.

Accelerating Growth: FCAP's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: FCAP had negative earnings growth (-7.1%) over the past year, making it difficult to compare to the Banks industry average (-4.1%).


Return on Equity

High ROE: FCAP's Return on Equity (9%) is considered low.


Next Steps

Financial Health

How is First Capital's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: FCAP's Assets to Equity ratio (8.8x) is low.

Allowance for Bad Loans: FCAP has a sufficient allowance for bad loans (295%).

Low Risk Liabilities: 99% of FCAP's liabilities are made up of primarily low risk sources of funding.

Loan Level: FCAP has an appropriate level of Loans to Assets ratio (52%).

Low Risk Deposits: FCAP's Loans to Deposits ratio (59%) is appropriate.

Level of Bad Loans: FCAP has an appropriate level of bad loans (0.4%).


Next Steps

Dividend

What is First Capital current dividend yield, its reliability and sustainability?

1.48%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: FCAP's dividend (1.48%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.49%).

High Dividend: FCAP's dividend (1.48%) is low compared to the top 25% of dividend payers in the US market (4.1%).


Stability and Growth of Payments

Stable Dividend: FCAP's dividends per share have been stable in the past 10 years.

Growing Dividend: FCAP's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (33.1%), FCAP's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

20.9yrs

Average management tenure


CEO

Bill Harrod (64 yo)

20.92yrs

Tenure

US$392,732

Compensation

Mr. William W. Harrod, also known as Bill has been Chief Executive Officer and President at First Capital Inc. since January 2000 and serves as its Chief Operating Officer. Mr. Harrod has also been the Chi...


CEO Compensation Analysis

Compensation vs Market: Bill's total compensation ($USD392.73K) is below average for companies of similar size in the US market ($USD1.10M).

Compensation vs Earnings: Bill's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
William Harrod
President20.92yrsUS$392.73k0.46%
$ 1.0m
Michael Frederick
Senior EVP0.25yrUS$271.97k0.24%
$ 523.3k
Jill Keinsley
Executive VP14.33yrsUS$231.61k0.15%
$ 335.3k
Dennis Thomas
Executive VP & Chief Credit Officerno dataUS$249.86k0.34%
$ 745.8k
Jeff Thomas
Director of Business Development & Director of Business Development of First Harrison Bankno datano datano data

20.9yrs

Average Tenure

57.5yo

Average Age

Experienced Management: FCAP's management team is seasoned and experienced (20.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
William Harrod
President20.92yrsUS$392.73k0.46%
$ 1.0m
Michael Frederick
Senior EVP0.25yrUS$271.97k0.24%
$ 523.3k
Mark Shireman
Independent Director31.92yrsUS$48.38k1.5%
$ 3.3m
Michael Shireman
Independent Chairman of the Board4.58yrsUS$43.21k0.44%
$ 969.6k
Kathryn Ernstberger
Independent Vice Chairwoman of the Boardno dataUS$43.21k0.065%
$ 141.9k
Craig Stanley
Member of Advisory Boardno datano datano data
Anne Ragains
Member of Advisory Boardno datano datano data
Michael Pattison
Member of Advisory Boardno datano datano data
Tom Lumley
Member of Advisory Boardno datano datano data
Carolyn Wallace
Independent Director10.92yrsUS$43.21k0.062%
$ 135.5k
Pamela Kraft
Independent Director10.58yrsUS$43.21k0.080%
$ 174.4k
Christopher Byrd
Independent Director10.58yrsUS$43.21k0.16%
$ 357.1k

10.6yrs

Average Tenure

58.5yo

Average Age

Experienced Board: FCAP's board of directors are seasoned and experienced ( 10.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

First Capital, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: First Capital, Inc.
  • Ticker: FCAP
  • Exchange: NasdaqCM
  • Founded: 1891
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$218.614m
  • Shares outstanding: 3.38m
  • Website: https://www.firstharrison.com

Number of Employees


Location

  • First Capital, Inc.
  • 220 Federal Drive, NW
  • PO Box 130
  • Corydon
  • Indiana
  • 47112
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FCAPNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDJan 1999

Biography

First Capital, Inc. operates as the bank holding company for First Harrison Bank that provides various banking services to individuals and business customers. The company offers a range of deposit instrume...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/05 00:25
End of Day Share Price2020/12/04 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.